Melrose Industries PLC 38.5% potential upside indicated by Citigroup

Melrose Industries PLC with ticker (LON:MRO) now has a potential upside of 38.5% according to Citigroup.



Citigroup set a target price of 200 GBX for the company, which when compared to the Melrose Industries PLC share price of 123 GBX at opening today (20/04/2022) indicates a potential upside of 38.5%. Trading has ranged between 108 (52 week low) and 198 (52 week high) with an average of 13,086,293 shares exchanging hands daily. The market capitalisation at the time of writing is £5,419,385,427.

Melrose Industries PLC is a United Kingdom-based company focused on acquiring manufacturing businesses. The Company’s segments include Aerospace, a multi-technology supplier of both civil and defense air frame and engine structures; Automotive, which designs, develops, manufactures and integrates a range of driveline technologies, including electric vehicle components; Powder Metallurgy, which provides precision powder metal parts for the automotive and industrial sectors, as well as the production of powder metal. Its Ergotron is a designer, manufacturer and distributor of ergonomic products for use in a range of working, learning and healthcare environments.